Browsing Category
Banks
SBP claims Pakistan ‘s banking,non-banking sectors stand firm amid economic slowdown
KARACHI: July 7,2023: The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review
(FSR) for CY22. The Review is being published in terms of requirements prescribed in Section 39(3) of
the…
SBP reserves go up by $ 533 million
KARACHI : July 3,2023: With deposits by the Forex companies , the reserves of State Bank of Pakistan (SBP) have gone up by $ 533 million on Monday.
With addition of $ 533 ,SBP reserves increased to $ 4,069.9 and it took Pakistan's net…
Faysal Bank collaborates with PICG for ESG
Islamabad June 21,2023: Faysal Bank, one of the leading Islamic banks of Pakistan collaborates with the Pakistan Institute of Corporate Governance (PICG) to reinforce that they care for the environmental, social, and governance (ESG).…
SBP notifies holidays for banks on Eidul Azha
KARACHI: June 21, 2023: The State Bank of Pakistan (SBP) will remain closed on June 29 - 30, 2023 (Thursday & Friday) being public holidays on the occasion of Eid-ul-Azha.
The government has already announced two public holidays for…
SBP asks banks to support agriculture sector to recover from devastation of flood
KARACHI: December 22, 2022: Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, while chairing the annual meeting of Agricultural Credit Advisory Committee (ACAC) in Hyderabad referred to the devastation caused by
recent floods and…
Pakistan has made impressive strides in reducing poverty: IFC & World Bank
“It is clear that Pakistan's high dependency on consumption rather than investment and exports is a major cause of its boom-busts cycle of the economy,” said Nadeem A. Siddiqui, IFC Senior Country Manager for Pakistan.
